Shares of (NASDAQ: INTC) were a massive disappointment in 2024. Multiple missteps culminated with the surprise retirement of CEO Pat Gelsinger late last year, and the company is now led by interim co-CEOs without a clear strategy. Investors are right to be skeptical of an Intel turnaround.

While management could start to turn things around this year, there are multiple major risks that could further derail the stock.

Intel 18A is the fifth and final process node in Intel's five-nodes-in-four-years manufacturing plan. The company has laid out its post-18A road map, but Intel 18A is likely to make or break the company's foundry business.

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Source Fool.com